Why should people care about the best CD rates and who should be interested in opening a CD? A CD stands for a certificate of deposit and that is what you can get if you want to invest your money with some guarantee of safety. The stock market might historically give you better returns, but as we have all seen lately, stocks are very risky. Anyone who wants to get a safe return on their money should be interested in getting CD's. Also anyone interested in how to save money should be looking into CD rates as well.
Right now, rates are very low and it is impossible to earn high interest. Unfortunately there is not much difference between the best CD interest rates and the poorest. Even though they are low, the one main advantage of CD's is that they are insured up to $250,000.00 by the federal government. Unlike stocks, where you can lose everything, CD's give you security and safety in exchange for the low interest rate.
Whether rates are low or high, and they do fluctuate over the years depending on many factors, it is always a good idea to look for the best CD interest rates because different banks do give different rates. If one bank is giving a rate of 3% and the bank across the street will give you 3.25%, why not cross the street for the little extra. Depending on how much you have to invest the difference might be worth the little extra work it took to find the better rate.
With the advent of the Internet, you can also search online very easily to find all the best CD rates and personal finance info. You can also get CD's online at many different banks and brokerage houses that all have an online presence. If you are shopping online for the highest CD interest rates it seems you can quickly and effortlessly determine where the best rates can be found.